Orum, a provider of technology for payment processing and account verification, announced Tuesday the launch of Verify, an account-verification solution for FedNow, the Federal Reserve’s instant-payment service, which launched in July. With Verify, businesses initiating a payment through FedNow can validate, within 15 seconds prior to sending funds, whether a …

The Federal Reserve said FedNow, its real-time payments service that launched in July with 35 banks and credit unions, now counts 108 participating institutions with 21 others providing liquidity and settlement services and 20 service providers. Kenneth C. Montgomery, the Federal Reserve Bank of Boston first vice president and chief operating officer who spearheaded …

The Fed’s new real-time payments platform will pose challenges for risk management. Here’s how to cope with that. The U.S. Federal Reserve made its FedNow instant-payments service live in July. It enables a faster flow of cash for companies and individuals, improving the overall flow of money through the U.S. …

Now that FedNow is available, the real work begins. But will the new system compete or collaborate with existing real-time networks? FedNow, the real-time payments service from the Federal Reserve, launched with 35 participating institutions on July 20, almost 13 years after the Fed’s same-day automated clearing house settlement window …

FedNow, the Federal Reserve’s real-time payments platform, was supposed to start up toward the end of last month. It’s been eagerly awaited by the U.S. payments industry and will add to the rarefied ranks of instant-payments services for businesses and consumers. But what can we expect when the rollout’s hullaballoo …

Service provider Finzly said it supports the FedNow real-time payments service that launched Thursday. Other providers— Jack Henry & Associates Inc. and Pidgin—also support the instant payment service. Fiserv Inc. said two of its clients are live on FedNow and nearly 100 others anticipate doing so in coming months. Banking services provider CSI said it offers FedNow access and noted …